Modern Clothing Store Reported the Following Selected Items at June

question 39

Essay

Modern Clothing Store reported the following selected items at June 30,2019 (previous year - 2018 - amounts are also given as needed):
Compute Modern's accounts receivable turnover ratio for the year ending June 30,2019.Show your computations.(Round the answer to 2 decimal places. )

---

Definitions:

Government Purchase

Expenditures by the government on goods and services that are part of the country's Gross Domestic Product (GDP).

Military Aircrafts

Military aircrafts are aircrafts used by the armed forces of countries for defense, attack, and transport purposes, including fighters, bombers, and transport planes.

Interstate Highway

A network of controlled-access highways that form part of the National Highway System in the United States.

Public School

An educational institution funded and operated by the government, providing free education to students.